Envestnet: Q2 Earnings Insights

Envestnet ENV reported its Q2 earnings results on Thursday, August 4, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Envestnet beat estimated earnings by 8.89%, reporting an EPS of $0.49 versus an estimate of $0.45.

Revenue was up $30.11 million from the same period last year.

Last quarter the company beat on EPS by $0.02 which was followed by a 9.48% drop in the share price the next day.

Here's a look at Envestnet's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.45	0.49	0.58	0.54
EPS Actual	0.47	0.50	0.61	0.67
Revenue Estimate	323.62M	311.40M	300.66M	283.74M
Revenue Actual	321.36M	319.62M	303.05M	288.74M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Envestnet management provided guidance for Q3 2022, expecting earnings between $0.4 and $0.42 per share.

To track all earnings releases for Envestnet visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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